In 1952, 32 percent of all of the revenue generated in this country came from large corporations. Today, less than 10 percent comes from corporate America.
In the last twenty years, corporate profits have quadrupled while the corporate tax percent has

At this point the economic case for austerity -- for slashing government spending even in the face of a weak economy -- has collapsed. Claims that spending cuts would actually boost employment by promoting confidence have fallen apart.

The problem is that "fiscal responsibility" is economically irresponsible, as far as full employment and economic recovery are concerned, less government spending shrinks the circular flow between the private sector's producers and consumers.

"With $85 billion spending cuts, known as "the sequestration," set to take effect this Friday, a new investigation reveals how billionaires, such as Peter Peterson, have helped reshaped the nat'l debate on the economy, the debt,and social spending."

Since the start of fiscal year 2011, President Barack Obama has signed into law approximately $2.4 trillion of deficit reduction for the years 2013 through 2022. Nearly three-quarters of that deficit reduction is in the form of spending cuts, while the...